Assad Wealth Management vs Mackenzie Investments
Assad Wealth Management and Mackenzie Investments both offer investing. This page lines up 14 listed data points side by side, with 5 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Aug 2026
At a glance
- Both are available in all of Canada.
- Assad Wealth Management uses Donor-Advised Fund; Mackenzie Investments uses Mutual Funds.
- Both disclose the same level of Shariah oversight: No Public Review.
- HalalWallet Index: Assad Wealth Management holds a B-; Mackenzie Investments holds a B-.
- They differ on 5 of the 14 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Assad Wealth Management vs Mackenzie Investments: the full side-by-side
14 data points from each provider's published materials, lined up row by row. They differ on 5.
Assad Wealth Management
Pays us: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Mackenzie Investments
Pays us: No. Mackenzie Investments pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.14 of 14 rows
Provinces covered
SameAssad Wealth Management: All of CanadaMackenzie Investments: All of Canada
Expense ratio
Assad Wealth Management: Not listedMackenzie Investments: 2.65% MER (Series A)Management fee
Assad Wealth Management: Not listedMackenzie Investments: 1.95% (Series A) / 0.80% (Series F)Minimum investment
Assad Wealth Management: Not listedMackenzie Investments: $500 initial / $50 subsequent
Structure
Assad Wealth Management: Donor-Advised FundMackenzie Investments: Mutual FundsShariah oversight
SameAssad Wealth Management: No Public ReviewMackenzie Investments: No Public ReviewShariah board / scholar
Assad Wealth Management: No Public ReviewMackenzie Investments: Ratings Intelligence PartnersPublished fatwa / certificate
SameAssad Wealth Management: NoMackenzie Investments: NoScreening standard
Assad Wealth Management: Published DJIM-style screens: debt <33%, receivables <49%, cash+IBS <33% of market value; non-permissible revenue <5%Mackenzie Investments: Dow Jones Islamic Market World Index screens - Ratings Intelligence fatwa and semi-annual audits
Products listed
Assad Wealth Management: A Donor-Advised Fund (DAF), Wealth ManagementMackenzie Investments: Mackenzie Shariah Global Equity FundBest for
Assad Wealth Management: Affluent Canadian Muslim families and business owners who want to organize long-term charitable giving - sadaqa jariah, a family waqf-style fund - through one tax-receipted vehicle, and who will verify fees and the DAF's religious oversight before committing.Mackenzie Investments: Canadian investors who work through a financial advisor or dealer platform and want an actively managed, certified halal global equity fund in familiar mutual fund form - accepting fees above halal ETFs in exchange for advisor-channel convenience.Product types
Assad Wealth Management: Not listedMackenzie Investments: Mutual Fund
HalalWallet Index grade
SameAssad Wealth Management: B-Mackenzie Investments: B-Assets under management
Assad Wealth Management: Not listedMackenzie Investments: $32M
Strengths and trade-offs
Assad Wealth Management
- Immediate tax receipt when you contribute cash or securities
- Contributed funds stay invested under published halal screens to grow tax-free before granting
- Grants can flow to your chosen registered charities on your own timeline
- Administration by Charitable Impact Foundation (CHIMP), an MNP-audited public foundation
- Family naming or anonymity options - structured as sadaqa jariah / private waqf
- No scholar or committee is named for the Halal DAF specifically; the only verifiable religious governance sits at the underlying Mackenzie fund level
- Two layers of unpublished fees - CHIMP administration plus Assad Wealth management - and no stated minimum
- The 'first and only halal DAF in Canada' claim is unverified marketing with no substantiation or date given
- The practice itself names no Shariah board or scholar - its FAQ references board oversight and its About page cites 'Shariah specialists' without identifying anyone
- No fees, MERs, or minimums published - the fee schedule must be requested in writing
Mackenzie Investments
- Global equity exposure in a single Shariah-screened mutual fund
- Certified compliance chain: Ratings Intelligence fatwa, semi-annual Shariah audits, and an annually published purification ratio
- Mutual fund format familiar to Canadian advisors and fund platforms, with a $500 minimum
- Series F at 1.12% MER is materially cheaper than Canada's legacy halal mutual fund option
- Available across all 10 Canadian provinces
- Series A MER of 2.65% is steep - comparable halal ETF exposure costs about 0.5%
- Small and young: roughly $32M in net assets (March 2025 statements) and an inception of February 2024
- Shariah oversight is delegated to Ratings Intelligence at the index level - Mackenzie maintains no in-house Shariah board and names no Canadian scholar
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Assad Wealth Management
Pays HalalWallet: No. Assad Wealth Management pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Mackenzie Investments
Pays HalalWallet: No. Mackenzie Investments pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Not sure which is right? Compare all investing providers.
Browse all Investing optionsHow do Assad Wealth Management and Mackenzie Investments compare for investing?
Assad Wealth Management and Mackenzie Investments both offer investing. This page lines up 14 listed data points side by side, with 5 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all of Canada.
- Assad Wealth Management uses Donor-Advised Fund; Mackenzie Investments uses Mutual Funds.
- Both disclose the same level of Shariah oversight: No Public Review.
Source: HalalWallet (halalwallet.ca)
Get an email when rates change - Assad Wealth Management vs Mackenzie Investments
We'll email you only when Assad Wealth Management or Mackenzie Investments changes rates, fees, or province availability.
We only email you when something in this comparison actually changes.
Stay Updated
Get halal investment insights and fund launches
No spam ever. Unsubscribe in one click.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/assad-wealth-management-vs-mackenzie-investments, retrieved 2026-11-14).For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
What HalalWallet is and is not
Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.
What we do
- We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
- We show the range of scholarly opinion on contested questions, with sources.
What we do not do
- We do not lend, hold money, open accounts or take applications. You apply with the provider.
- We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
- We do not give personal financial, legal or tax advice.
Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0
Before you decide, finish with three checks:
- Confirm current terms and halal compliance directly with the provider. Their quote is final.
- Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
- Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.
Spot an error? Report a correction · How we handle corrections